[NCERT] Q 1 Solutions of Financial Statement – I Class 11 (2022-23)
Are you looking of the solutions of Question Number 1 of NCERT Financial Statement – I chapter 9 of Accountancy class 11 CBSE 2022-23
Solutions of Q 1 Financial Statement – I chapter of class 11 CBSE Board 2022-23
Question – 1
From the following balances taken from the books of Simmi and Vimmi Ltd. for the year ending March 31, 2017, calculate the gross profit.
| Closing Stock | 2,50,000 |
| Net Sales During the year | 40,00,000 |
| Net Purchases During the year | 15,00,000 |
| Opening Stock | 15,00,000 |
| Direct Expenses | 80,000 |
Solution:-
